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Facebook Bans Ads For Cryptocurrencies and Financial Products and Services

Administrator from GB

joined:May 9, 2000
posts:25047
votes: 660

Facebook has decided to ban all ads for financial services and products that are "frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency."

It seems Facebook is concerned over the potential for scams in the decision to making this move, but also goes on the say that many businesses are operating in good faith, and although they will be affected by the broad-line approach, it's working on finding better ways to detect misleading ads.

Senior Member from GB

joined:Nov 16, 2005
posts:2749
votes: 110

Its a quite vague policy though:

Ads must not promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency.

Such as? How frequently? Does it extend to tip sheets, illiquid shares, spread betting, FX trading, other types of options ....?